Subsea Rigless Well Abandonment
PROVEN RIGLESS METHODS FOR RELIABLY AND COST-EFFECTIVELY PLUGGING AND ABANDONING SUSPENDED SUBSEA DEVELOPMENT, EXPLORATION AND APPRAISAL WELLS
Acteon can plug and abandon many suspended subsea development, exploration and appraisal wells without a drilling rig. As a rig accounts for up to 60% of the total expenditure on well plugging and abandonment, rigless abandonment is a significant opportunity to reduce costs while satisfying regulatory obligations and demonstrating responsible safety practices and environmental stewardship.
Our offer covers the complete scope of work: from planning and well reviews through engineering and execution to reporting and close-out. It brings together our procurement, project management and well engineering capabilities, including Claxton’s rigless Suspended Well Abandonment Tool (SWAT®) and SABRE® abrasive cutting system.
Efficiencies and innovative terms
As an independent subsea services provider that does not operate its own vessels, Acteon is free to contract the most suitable vessels for each campaign. This means that we can secure favourable spread rates and are incentivised to maximise vessel utilisation through efficiencies and innovative commercial terms such as multi-asset, multi-operator campaigns.
Working with us through a single contract creates management efficiencies, and reduces the effort and risks associated with multiple interfaces. We also provide flexible terms and conditions, and innovative commercial agreements that may include aligned incentives and balanced risk sharing.
Rigless abandonment is a significant opportunity to reduce costs while satisfying regulatory obligations and demonstrating responsible safety practices and environmental stewardship.
Project managed by the Acteon field life service team
The Acteon field life service team is central to delivering our integrated solutions. It helps customers to define their objectives and tailors the scope and specifications of each integrated service to meeting them. It also develops pricing and commercial models that align with customers’ subsea asset management processes.
DECOMMISSIONING BUYERS GUIDE
All offshore oil and gas installations must eventually be decommissioned. Increasingly, the pressure is on the operators or licensees of redundant fields and suspended wells to act sooner rather than later. Download this e-book for fresh thinking and technical innovation to reduce field abandonment costs.
DECOMMISSIONING CASE STUDY PACK
Acteon is a leading engineering and service provider for the removal of wells and offshore infrastructure. We offer bespoke decommissioning solutions that are safe, fit for purpose and commercially attractive to customers. Discover five key projects where we have solved our customer’s biggest challenges.